False invoices in BBVA's sponsorship of the Football League and the NBA. Se...

jasiyajuhi56856

Francisco González orders an audit and finalizes a lawsuit Scandal at BBVA. The bank's management has discovered serious irregularities in the sponsorship of the Professional Football League and the NBA. Francisco González has dismissed the directors of the Marketing department, ordered an internal audit, and is also finalizing a lawsuit against those directors. BBVA spends 70 million euros to sponsor the League and the NBA. Soccer broadcasts. The radio stations go to Moncloa with a willingness to negotiate, but they warn that they are not going to pay “for reporting”: they will ask the next Government to change the law The Government has had enough of the debts of football clubs. They owe 1,000 million to the State: Cristóbal Montoro will give them the same treatment as companies and self-employed workers Radios win the battle for football against . They have a promise from the Government that they will only pay the clubs next season for the rental of the facilities BBVA, the former director of Marketing, Advertising and Sponsorship, Ignacio Maldonado , and his most trusted team, made up of two more people, were dismissed this summer by order of the president, Francisco González.

The Patrocinio team that Maldonado led until now had been at the bank for 14 years. It was the president of BBVA himself who addressed them, according to sources close to that conversation, to tell them that he was not going to tolerate, under any circumstances, that they would continue in the bank after learning of the irregular practices that had been discovered. The 'modus operandi' According to sources familiar with the process, the irregular practices detected focus on Middle East Mobile Number List the fact that BBVA 's Sponsorship department was overbilling for the contracted advertising services. What was done was to secretly agree with some suppliers on a higher price than the real price , after agreeing that a part of that money would end up in the pockets of people at the bank, discreetly and without it appearing on any receipt . That is, they declared on the invoices a purchase price higher than the actual price paid in the transaction. BBVA management learned of the irregularities that were being committed precisely because of the complaints made by some of the suppliers themselves. FG orders an internal audit The sources to which ECD has had access say that the president of BBVA, Francisco González , commissioned an internal audit in the department at the end of September, to assess the economic impact of these practices in the area headed by Ignacio Maldonado , carried out for months.



with suppliers, in addition to determining when exactly the plot began. The investigation is focusing, specifically, on examining the bank's invoices with advertising agencies in relation to marketing campaigns and sponsorships of the Spanish Soccer League and the American NBA, which is where the main focus of irregularities has been detected . exp-player-logo Convicted of sexual abuse of a seven-year-old girl, daughter of a friend who welcomed him into his home, in Palma BBVA finalizes a lawsuit Francisco González will have that report on his table, almost certainly, in a couple of weeks . At the same time, and without including the data produced by the internal audit, the bank's legal services are already preparing a “powerful lawsuit” against the three dismissed executives, as confirmed to this newspaper by people close to the bank. El Confidencial Digital has contacted official sources of the entity chaired by Francisco González, who did not want to make any type of assessment about this case. BBVA sports sponsorships BBVA's annual investment is broken down into 20 million in sponsorship in the Professional Soccer League (1st and 2nd Division), and a further 23 million in promotions and commercial campaigns to attract and link its clients.